Gold May Gain as Speculation on Pace of Fed’s Tightening Increases Demand

- May 20th, 2011

Bloomberg reports that gold may gain in New York as speculation the Federal Reserve won’t start tightening monetary policy soon spurs demand for the metal.

Bloomberg reports that gold may gain in New York as speculation the Federal Reserve won’t start tightening monetary policy soon spurs demand for the metal.

The market news is quoted as saying,

Silver for July delivery fell 0.1 percent to $34.885 an ounce in New York. Palladium for June delivery was up 0.1 percent at $729 an ounce. Platinum for July delivery was little changed at $1,769.60 an ounce.

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